KULR Targets $300M Raise to Bolster Bitcoin Holdings and Fuel Innovation
KULR Technology Group is the latest public company doubling down on bitcoin. In a new SEC filing, the California-based energy tech firm announced it will raise up to $300 million via an at-the-market (ATM) equity program managed by Cantor Fitzgerald.
The capital will support bitcoin acquisitions, research and development initiatives, and general corporate needs, signaling KULR’s ongoing shift toward a bitcoin-centric treasury model.
The company began accumulating BTC in late 2024 and now holds 920 BTC, acquired through both direct market buys and mining operations. That includes 449 BTC purchased in Q1 2025 and an additional 244 BTC since, primarily via Coinbase. It has also deployed over 5,500 S-19 miners, generating roughly 10 BTC to date.
This latest move places KULR alongside other publicly traded firms—such as Strategy, MARA, and Semler Scientific—that are tapping equity markets to grow their bitcoin positions.
KULR shares rose 3.4% Monday, closing at $1.22, as investors reacted to its deepening crypto strategy.
